Some of Thursday’s top business news stories:
White House warns of recession as debt limit fight drags on, by Zeke Miller and Josh Boak
Fed raises key rate but hints it may pause amid bank turmoil, by Christopher Rugaber
Microsoft opens up its AI-powered Bing to all users, by Samantha Kelly
No end in sight for the writers strike as talks break off and both sides brace for long standoff, by Oliver Darcy
TikTok Is Launching Ad Product for Publishers and Giving Them 50% Cut, by Alexandra Bruell
Restaurants, Food Companies Pursue Budget-Minded Consumers as Inflation Persists, by Jesse Newman and Heather Haddon
Mortgage demand drops as bank failures hit jumbo loan rates, by Diana Olick
Google employees complain about CEO Sundar Pichai’s pay raise as cost cuts hit rest of the company, by Jennifer Elias
Etsy tops revenue estimates on demand for personalized products, higher fees, by Granth Vanaik
White House to meet Microsoft, Google CEOs on AI dangers, by Nandita Bose
Talking Biz News Today – May 3, 2023
WSJ parent plans streaming radio channel on TuneIn
Top HR exec for Inc/Fast Company stole nearly $500K
Bloomberg is streamlining its global aviation coverage
Smith joins Politico as European central banking editor
Media Movers: Cox Automotive’s Sean Tucker
USA Today up-and-comer, Messenger continues hiring spree, Cosmo’s new lifestyle editor
Former CoinDesk editorial staffer Michael McSweeney writes about the recent happenings at the cryptocurrency news site, where…
Manas Pratap Singh, finance editor for LinkedIn News Europe, has left for a new opportunity…
Washington Post executive editor Matt Murray sent out the following on Friday: Dear All, Over the last…
The Financial Times has hired Barbara Moens to cover competition and tech in Brussels. She will start…
CNBC.com deputy technology editor Todd Haselton is leaving the news organization for a job at The Verge.…
Note from CNBC Business News senior vice president Dan Colarusso: After more than 27 years…